Gijima to reveal new CEO
Gijima chairman Robert Gumede says that the appointment of a permanent chief executive at the financially-troubled ICT firm is expected next week.
On Monday, Gijima reported a R210.76 million loss for year ended June 2013, from a prior loss of R50.59 million in 2012.
The group said that the loss of two significant contracts that expired after several years of delivery in the previous financial year, a tough market and significant top-line pressure on a major project, contributed to a challenging financial year.
Revenue from continuing operations declined to R1.848 billion, from R2.22 billion, with an operating loss from continued operations at R335.6 million, from R72.1 million in 2012.
Gijima has been without the services of a permanent CEO for just under a year, having having appointed Eileen Wilton, who joined the group as COO, as interim chief in October 2012.
Speaking at the presentation of the group’s results in Sandton Gumede said: “We have been focused on addressing that issue (a new CEO). For us the priority of this appointment is a priority.”
Gumede added that the group would make “finalisation” on the appointment by the latest Wednesday (9 October).
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